Posted on 06/09/2010 11:49:23 AM PDT by blam
20 More Signs Of A Full-On Economic Collapse
Michael Snyder
Jun. 9, 2010, 2:43 PM
So just how bad is the U.S. economy? Well, the truth is that sometimes it is hard to put into words. We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind.
We have taken the greatest free enterprise economy that was ever created and have turned it into a gigantic house of cards delicately balanced on a never-ending spiral of paper money and debt. For decades, all of this paper money and debt has enabled us to enjoy the greatest party in the history of the world, but now the bills are coming due and the party is nearly over.
In fact, things are already so bad that you can pick almost every number and find a corresponding statistic that shows just how bad the economy is getting.
You doubt it? Well, check this out....
[snip]
(This presentation originally appeared on the author's blog)
(Excerpt) Read more at businessinsider.com ...
ping
Interesting article. I’m not sure if I agree with all of those “signs of collapse,” though. Some of them may not be accurate indicators of anything at all.
who is "us?" I work for a living and pay my own way.
well done list. I would add the commercial real estate prob. fast approaching and worse yet even, the derivatives ‘time bomb’ that is ticking away.
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